VECHAIN - VET/USD - 1H - Technical analysis published on 06/09/2021 (GMT)
- 231
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 0.120100 USD
My targets
0.105600 USD (-6.47%)
0.099900 USD (-11.51%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on VECHAIN - VET/USD. As long as you are under the resistance located at 0.120100 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.105600 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.099900 USD as an objective. Crossing it would then enable sellers to target 0.086626 USD. If the resistance 0.120100 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VECHAIN - VET/USD rating is 0.112900 USD. The price registered a decrease of -0.09% on the session and was between 0.105700 USD and 0.117900 USD. This implies that the price is at +6.81% from its lowest and at -4.24% from its highest.0.105700
0.117900
0.112900
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VECHAIN - VET/USD:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this VECHAIN - VET/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.086626 | 0.099900 | 0.105600 | 0.112900 | 0.120100 | 0.127133 | 0.136500 |
| Change (%) | -23.27% | -11.51% | -6.47% | - | +6.38% | +12.61% | +20.90% |
| Change | -0.026274 | -0.013000 | -0.007300 | - | +0.007200 | +0.014233 | +0.023600 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.083967 | 0.091933 | 0.102467 | 0.110433 | 0.120967 | 0.128933 | 0.139467 |
| Camarilla | 0.107913 | 0.109608 | 0.111304 | 0.113000 | 0.114696 | 0.116392 | 0.118088 |
| Woodie | 0.085250 | 0.092575 | 0.103750 | 0.111075 | 0.122250 | 0.129575 | 0.140750 |
| Fibonacci | 0.091933 | 0.099000 | 0.103366 | 0.110433 | 0.117500 | 0.121866 | 0.128933 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033833 | 0.063127 | 0.094213 | 0.123507 | 0.154593 | 0.183887 | 0.214973 |
| Camarilla | 0.108696 | 0.114230 | 0.119765 | 0.125300 | 0.130835 | 0.136370 | 0.141905 |
| Woodie | 0.034730 | 0.063575 | 0.095110 | 0.123955 | 0.155490 | 0.184335 | 0.215870 |
| Fibonacci | 0.063127 | 0.086192 | 0.100442 | 0.123507 | 0.146572 | 0.160822 | 0.183887 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.139450 | -0.036820 | 0.044740 | 0.147370 | 0.228930 | 0.331560 | 0.413120 |
| Camarilla | 0.075648 | 0.092532 | 0.109416 | 0.126300 | 0.143184 | 0.160068 | 0.176952 |
| Woodie | -0.149985 | -0.042088 | 0.034205 | 0.142103 | 0.218395 | 0.326293 | 0.402585 |
| Fibonacci | -0.036820 | 0.033541 | 0.077009 | 0.147370 | 0.217731 | 0.261199 | 0.331560 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.75 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.637066 | |
| AROON (14): | 71.428568 | |
| DEMA (21): | 0.111763 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.108343 | |
| Elder Ray (13): | 0.001412 | |
| Super Trend (3,10): | 0.105118 | |
| Zig ZAG (10): | 0.113300 | |
| VORTEX (21): | 1.0843 | |
| Stochastique (14,3,5): | 74.38 | |
| TEMA (21): | 0.113745 | |
| Williams %R (14): | -40.98 | |
| Chande Momentum Oscillator (20): | 0.006400 | |
| Repulse (5,40,3): | -1.8920 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0680 | |
| Courbe Coppock: | 4.47 |
| MA7: | 0.124000 | |
| MA20: | 0.116535 | |
| MA50: | 0.161454 | |
| MA100: | 0.133188 | |
| MAexp7: | 0.113613 | |
| MAexp20: | 0.112141 | |
| MAexp50: | 0.114764 | |
| MAexp100: | 0.118962 | |
| Price / MA7: | -8.95% | |
| Price / MA20: | -3.12% | |
| Price / MA50: | -30.07% | |
| Price / MA100: | -15.23% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | -5.10% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis VECHAIN - VET/USD - 1H